30 year fixed rate mortgages are still the predominant mortgage type here in the US. There are other products like shorter term fixed rate and adjustable rate mortgages. (See https://www.mpamag.com/us/mortgage-industry/guides/the-7-most-popular-types-of-mortgage-loans-for-home-buyers/255499 for a good overview).

Oh, I agree with you, and concur with the spirit of the infographic. I just like accurate calculations!

That’s realistic, but the infographic doesn’t include tax and insurance. Working backwards, it has:

• Home price: $600,000
• Down payment (20%): $120,000
• Loan amount: $480,000
• Interest rate: 3.0% fixed
• Term: 30 years (360 months)

The monthly principal-and-interest payment is exactly as the post said, $2024 / month.

Has insurance gone up? Absolutely? Have property taxes generally rise? They have. But this is an honest like-for-like comparison.

My math says that the monthly principal+interest on that house is more like $4,300 a month, assuming:

• Purchase price: $850,000
• Down payment (20%): $170,000
• Loan amount: $680,000
• Interest rate: 6.5% fixed
• Term: 30 years (360 months)

Not insignificant, but not wildly off like the infographic.

Point taken, but where are you in the world with an 8.5% mortgage? Rates in the US for 30 year mortgages are around 6.5% right now (source: https://fred.stlouisfed.org/series/MORTGAGE30US)